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abc7david

  1. Yahoo just filed SEC form indicating agreement for Alibaba to buy back between 261 mil and 523 mil shares. Yahoo owns 42% of Alibaba.
  2. Yahoo! confirms Ross Levinsohn replaces Scott Thompson as interim CEO; new chairman Fred Amoroso.
  3. Report says Yahoo! CEO Scott Thompson resigning "for personal reasons" in wake of resume issue. dthin.gs/K7P1ZE
  4. Facebook served curry chicken salad at IPO meeting in Palo Alto. Zuckerberg wore a gray T-shirt, no hoodie. Latest live at 4 & 6 ABC7 News.
  5. It appears Facebook CEO Mark Zuckerberg has arrived for a hometown IPO road show lunch with investors in Palo Alto.
  6. Two Bay Area lawmakers introduce proposal to save 70 state parks from closing July 1. bit.ly/K9y2vA Live report on ABC7 News @ 6.
  7. 2700 laid-off NUMMI autoworkers being warned of Facebook scam. A victim who lost $3655 tells his story only on ABC7 News @ 6pm.
  8. San Jose tech firm develops new immersive 3D virtual reality Army combat training. bit.ly/IBKSlO Story @ 6pm on abc7news.
  9. Apple sold 35 million iPhones in last quarter, up 88% from year ago. 11 mil iPads sold, a 151% increase from year ago.
  10. Apple reports 2nd quarter of $39.2 bil in earnings. Stock price has dropped nearly 15% in past 2 weeks but rising in after hrs trading.
  11. Yahoo changes laid-off engineer's severance package; loses benefits worth 3 months pay. Exclusive interview on ABC7 News at 6.
  12. Yahoo! 1st Q earnings better than expected... 23 cents/share vs. 17 cents a year ago. Revenue up 1%, income from operations down 11%.
  13. Homeland Security Secy Janet Napolitano urging more engineers to focus on cybersecurity in speech at San Jose State.
  14. Google reports 61% jump in 1Q profits; announces stock dividend.
  15. Googlers bringing their parents to work today for a behind the scene look at where they work & what they do. The story at 6 on ABC7 News.
  16. Yahoo! announces 2,000 layoffs (14% of work force) bit.ly/HdSeXu
  17. Apple's China iPad & iPhone workers put in 60+ hours a week, sometimes 7+ days in a row - says audit by Fair Labor Assn. just released.
  18. Startups from Russia, Brazil, Norway & elsewhere competing for venture capital 2day in Silicon Valley. Story on 7 @ 4 & 6pm.
  19. U.S. to slap nearly 5% tariff on imported solar panels from China after investing complaints of price subsidies.
  20. Apple to spend $10 bil/year on dividends & $4 bil/year in 1st year of stock repurchase program. Has $98 bil in cash ($64 bil overseas).